MLS® ID: 19043808
1406 East Alexander Avenue
Merced, California, 95340 $155,000
Two adjacent MULTI-RESIDENTIAL lots for sale, centrally located in the within city limits. Merced has been coined as The City On The Rise and is one of the fastest growing county's in the state! Seller has plans for a 6 unit apartment complex. Both lots together will consist of just under a half acre with room for potentially more units. This location is just a short drive to UC Merced, one of the fastest growing UC's in the state. The vacancy rates in Merced are already historically low making it a perfect time to add a multi-residential property to the market. With UC Merced's 2020 Plan, student count is expected to be around 10,000 by the year 2020. Merced College, Mercy Medical Center, Merced High School, Chenoweth Elementary, Merced Mall and much more. You also have Downtown Merced which is on the path of REVITALIZATION with new hotels, plenty of restaurants, theatre, nightlife and the future hub for the ACE Train and High Speed Rail!